Czech Republic

CEZ's overseas assets to bring CZK 50.1bn profitHospodarske Noviny, 2011-10-11
CEZ, a Czech power utility, expects EBITDA of its overseas assets to reach CZK 50.10bn (EUR 2.03bn USD 2.77bn) by the end of 2011. At the end of 2010, the combined EBITDA of these units was CZK 38.7bn. The company has said that their performance has stabilised and it expects their EBITDA to grow by CZK 10bn-CZK 11bn per year.

Finland

Energy sector surprised by the cut in renewable energy subsidiesPress Release, 2011-10-12
Finland's Ministry of Employment and the Economy has announced that the fixed electricity production subsidy will end at the beginning of 2012, in Finland.

Germany buys energy back from Austria that it supplied freeDer Standard, 2011-10-09
Germany's Bild newspaper has reported that Germany is now buying back electricity from Austria, that it once gave Austria for free. When German supply exceeded demand, excess energy was given to Austria and Switzerland, either for free or even for negative prices.

Poland

PGE to announce nuclear reactor tender worth around PLN 40bnRzeczpospolita, 2011-10-14
In November 2011 Polish energy company PGE is to call a tender for the supply of nuclear reactors for the nuclear power station worth around PLN 40bn (EUR 9.30bn USD 12.78bn). According to the information gained by the daily Rzeczpospolita, the deadline for submitting bids will be January 2012.

Spain

Wind energy firms criticise new sector regulations proposed by governmentEl Pais (Spain), 2011-10-13
Wind energy firms in Spain have accused the Ministry of Industry of putting at risk 15,000 jobs as a result of the new regulations which were not discussed with the sector and will from 2013 cut the feed-in tariff premiums by 40% and the time facilities are eligible to receive them from 20 to 12 years, according to the Wind Energy Association (AEE).

The reasons behind the changes include the economic crisis, a drop in electricity demand and gas-fired generation working for less than a third of the predicted hours. The high number of projects, the regulations and actions by regional governments, and speculative investment in the sector, has added to the complicated situation being faced by the government.

Sweden

Greenpeace calls for transfer to sustainable energy productionDagens Industri, 2011-10-13
Greenpeace has published a report entitled "Energy Revolution - a sustainable energy outlook for Sweden", which concludes that Sweden would benefit from a transfer from nuclear and fossil power production to sustainable energy sources.

If energy production was solely from sustainable sources then Sweden would no longer need to pay for fuel costs and would as a result save SEK 375bn (EUR 41.07bn USD 56.58bn) per year, which Greenpeace says would compensate for the initial investment costs. It believes fossil and nuclear production should be phased out over 40 years and funds should be invested in extensive energy efficiency measures to reduce energy demand by 39% in 2050. It has calculated that 92% of primary energy needs in Sweden can be met by sustainable sources by 2050, which would mean CO2 emissions have fallen by 95% compared with 1990.

United Kingdom

RWE reviewing nuclear plans Guardian, 2011-10-07
RWE, the German utility that owns Npower, is understood to be reviewing its UK nuclear programme. Sources close to RWE said it is looking at all aspects of its involvement in Horizon Nuclear Power, a joint venture with Eon that would build two atomic power stations in Oldbury in Gloucester and Wylfa in Wales.

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About Vattenfall

Vattenfall is a European energy company with approximately 20,000 employees. For more than 100 years we have electrified industries, supplied energy to people's homes and modernised our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation.